Reporter: Business/Homeland Security
Defense Daily
Ph: 434-242-7750
Cal Biesecker
Articles By Cal
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Advanced / Transformational TechnologyX-Bow Validates Advanced Manufacture Of Rocket Motor Propellant With Successful Flight
X-Bow Systems on Tuesday said it successfully launched its Bolt rocket in a test that validated the company’s advanced manufacturing process for solid rocket motor (SRM) propellant, a big confidence […]
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Business/FinancialCore Commercial, Defense Businesses Will Remain But Portfolio Review Underway At Boeing, Ortberg Says
New Boeing [BA] Chief Kelly Ortberg has initiated a portfolio review to assess what adds to the company and what does not but said on Wednesday that the core commercial […]
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UncategorizedNavy Work, Aerospace Lift GD To Strong Third Quarter; Submarine Supply Chain Woes Persist
General Dynamics [GD] on Wednesday reported strong third quarter financial results supported by its businesses that make ships and submarines for the Navy and business jets and aircraft services for […]
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Unmanned SystemsSaronic Introduces Corsair, An ASV With Range And Speed To Keep Pace With Surface Fleet
Autonomous surface vessel developer and manufacturer Saronic on Wednesday unveiled its latest, and largest new craft, Corsair, which it said gives the Navy and allied partners capabilities not found in […]
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Advanced / Transformational TechnologyInvestments In AI, Autonomy Position Lockheed Martin Well For Next CCA Round, Taiclet Says
Lockheed Martin’s [LMT] investments in artificial intelligence, autonomy, 5G connectivity, and manned and unmanned teaming put the company in a competitive position for the next increment of the Air Force’s […]
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Business/FinancialF-35 Weighs On Lockheed Martin In Third Quarter; Next Production Award Looms
Higher internal spending on the F-35 fighter program pressured earnings and sales at Lockheed Martin [LMT] in the third quarter as the company awaits a wrap on negotiations for the […]
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Business/FinancialRTX Bounces Back With Strong Third Quarter Driven By Commercial And Defense Work
After being pummeled a year ago due to charges related to work on commercial aircraft engines, RTX [RTX] on Tuesday posted strong results in its third quarter led by gains […]
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Air ForceAir Force Awards Virtualitics $46 Million To Bring AI To Weapons Maintenance
Virtualitics, a small company providing artificial intelligence readiness applications, has received a $46 million contract from the Air Force to deliver a maintenance solution in support of multiple weapon systems. […]
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Business/FinancialThales To Acquire Boeing Unit Serving Intelligence Market
A U.S. based business of France’s Thales will acquire a small unit of Boeing [BA] that serves the intelligence, defense, and homeland security markets. Terms of deal were not disclosed. […]
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Advanced / Transformational TechnologyDIU Seeks AI-Based Business Intelligence Platform For Budget Planning And Execution
The Defense Innovation Unit (DIU) on Monday issued a solicitation seeking commercial solutions that can quickly collect budget and contract data from across an enterprise to enhance program management and […]